The mining newspaper for Alaska and Canada's North
The mining newspaper for Alaska and Canada's North
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Location, location, location," the old adage goes, summing up the opportunities and challenges faced by the real estate industry. Well, "infrastructure, infrastructure, infrastructure," can offer the same insights into the problems of modern mining in remote jurisdictions like Yukon Territory. The relative scarcity of roads, bridges, airports, power and other infrastructure in the Yukon is critical to the outlook for mining, and in many cases, the presence or lack of these important components can spell the difference between...
Haines Borough Manager Mark Earnest is a man on a mission, getting the word out to mining companies in Yukon Territory that the deep-water port in his sleepy Alaska community of 1,811 souls could well be the answer to their prayers. Unlike the Port of Skagway, its increasingly busy neighbor to the northeast, the Port of Haines is virtually devoid of congestion. The port attracts only one cruise-ship a week along with daily ferry service in summer, has very little road traffic thanks to a designated truck route that bypasses...
FARO - Legendary mineral explorer W. Douglas "Doug" Eaton hurried forward to greet the group of visitors clambering out of the MD900 helicopter as its whirring blades whipped miniature cyclones of dust in the air. Eaton - unlike many of the geologists, engineers and mining executives the group would meet during a weeklong tour of mine sites, exploration camps and conferences around Yukon Territory - grinned from ear to ear. The early part of the territory-wide mining tour also would include visits to the Einarson Project...
Frontrunners in the Yukon mineral exploration rush in 2011 spent more than C$12 million each, with at least one company pouring C$25 million into its program. These companies include Atac Resources Ltd., Kaminak Gold Corp., Capstone Mining Corp., Alexco Resource Corp., Golden Predator Corp., Ryan Gold Corp. and Silver Range Resources Ltd. At least another 14 companies shelled out more than C$5 million each to search for precious and base metals, using virtually every modern exploration technique from sampling to drilling.... Full story
With analysts forecasting improved prices, earnings and cash flows for platinum group and base metals producers in 2011, more juniors are searching for these minerals in northern Canada. Prophecy Platinum Corp. reported results of a NI 43-101-compliant report and mineral resource estimate in mid-July for its Wellgreen platinum group element-nickel-copper property located about 35 kilometers (22 miles) northwest of Burwash Landing in southwestern Yukon Territory. Caribou Copper Resources Ltd. and Alix Resources Corp. July 20 s...
A pair of gold discoveries led a torrent of exploration news pouring out of Yukon Territory this year as numerous newcomers joined old hands in the hunt for the yellow metal and other lucrative minerals. "We've entered a new phase of exploration. People are using soil sampling as an unbiased targeting method that is resulting in discoveries of new mineral potential," Yukon geologist Mike Burke, told more than 500 participants in the Yukon Geoscience Forum Nov. 22. The areas where people are looking are expanding as miners... Full story
Primed for booming exploration for several years, the Yukon Territory appears to have hit big in 2010, both literally and figuratively. Emerging as one of the world's mining hot spots, the Northwest Canada jurisdiction is reporting industry investment exceeding C$120 million. Propelled by record gold prices and key gold discoveries, as well as surging demand in Asia for base metals and a mining friendly government, miners flocked to the territory in growing numbers, bringing generous exploration budgets and fresh theories... Full story
